Loto-Quebec’s online gambling revenue shoots up 42%

The online gambling division of Quebec’s provincial gambling monopoly saw its revenue shoot up over 40% in the first half of its current fiscal year.

The Loto-Quebec gambling monopoly recently released its fiscal H1 earnings report, covering the six months ending September 25, during which overall revenue topped C$1.8b (US $1.4b), around 3.5% higher than the business generated in H1 2016-17. Profits did even better, rising 6.2% to C$678.6m.

Loto-Quebec’s online gambling site Espacejeux.com reported a nice round revenue total of C$50m in H1, representing a 42.3% rise over the same period last year. The growth marks a further acceleration in Espacejeux’s performance, easily topping the 29.7% growth in FY 2016-17, and putting the site on track to smash the full-year revenue total of C$85.9m.

Espacejeux offers online casino and poker games, lottery products and parlay sports betting via its Mise-o-jeu product. Loto-Quebec says its online casino (including poker) revenue hit C$28.1m in H1, a year-on-year gain of 41.8%. Online lottery revenue hit C$21.9m, up nearly 43%.